Bring along some policies with the same provider
Insurance companies provide many home and car insurance quotes. They bring many policies with them. Having home and car insurance from one insurance company can save you about 30%. Moreover, many insurance companies offer life insurance as well and of course you can save more money. It is also more effective to have one insurance company which can cover your life, home and car insurance. Besides you can save money, it will be easier for you in claiming and communicating with them.
Improve your deductible
It is depended on your ability to handle the risk. You can save your home insurance premiums by having high deductible. The deductible is the number you lose and it is from your own money. This is based on people’s savings or budget. Some people are brave enough to decide the maximum deductible so they can save more on the premiums. However, it’s better if you also have money to cover the deductible in case something is not well.
Put in a sophisticated alarm system
To cut the home insurance premiums, you can put in carbon monoxide sensors, burglary systems and fire alarms. You can even get greater discounts if you put more sophisticated systems with monitoring and reporting service. This kind of alarms can cut almost 10% of the premiums. The insurance company offers the discount because it can minimize the risk and your home can be observed 24 hours in one day. Further, some alarm companies claim that you can save until 20% or more. If getting discount is your reason to buy specific security system, you’d better to recheck to insurance company or agent to how much money you can save.
Be faithful to your insurance company
For sure, your insurance companies want you to stay as customer for long time which is the reason why you can get cheap home insurance by loyalty. Typically, the insurance companies will give 5% to 10%. It will be varied for period of time between 3 to 5 years.